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COURT ORDERS COMPLIANCE

Released on January 15, 1998

In an order issued January 7, 1998, the Saskatchewan Court of Queen's

Bench ordered Myron Derow of Saskatoon to comply with cease trading

orders issued by the Saskatchewan Securities Commission. The order

also applies to MBD Financial Consulting and Valyki Ventures (1991)

Ltd., companies with which Derow is associated.



In February, 1997 the securities commission issued cease trading

orders against Derow, MBD Financial Consulting and Valyki Ventures.

The securities commission issued the cease trade orders after Derow

breached The Securities Act by raising over one million dollars,

primarily from Saskatchewan investors, and investing the money in a

vaguely defined scheme in Switzerland.



Derow failed to comply with the cease trade orders when he continued

to raise money from Saskatchewan residents for investment schemes. As

a result the securities commission applied to the Court of Queen's

Bench for an order requiring Derow to comply with the cease trading

orders. If Derow fails to comply with the Court of Queen's Bench

order, he may be subject to proceedings for contempt of court.



Vic Pankratz, the securities commission's Deputy Director,

Enforcement, warns investors not to give money to Derow for

investment purposes until the commission lifts the cease trade

orders. He advises investors to seek independent financial

advice from an accountant, lawyer, banker, or securities dealer

before making any investments outside of Canada.



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For more information, contact:



Vic Pankratz, Deputy Director

Enforcement

Saskatchewan Securities Commission

#800-1920 Broad Street

Regina, SK S4P 3V7

Phone: (306) 787-5645

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